Exchange rate today: the dollar gains momentum

The freely convertible currency (MLC) and the euro remained stable.

Dólares en Cuba © Wikimedia
Dollars in CubaPhoto © Wikimedia

The US dollar is showing signs of increasing in the Cuban informal market, having experienced a slight rise this Sunday, according to the representative rate from El Toque.

In this context, the freely convertible currency (MLC) remains stable at 265 CUP, while the euro is priced at 340 CUP. This change in the value of the dollar suggests a slight increase in its demand, reflecting the ongoing fluctuations in the Cuban exchange market.

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Changes in the exchange rate continue to be a topic of interest for citizens and analysts, as they impact various commercial transactions and the national economy.

Equivalence in Cuban pesos for banknotes in USD and EUR.

The current values for the main denominations of banknotes in USD and EUR are as follows:

United States Dollar (USD):

1 USD bill = 326 CUP

5 USD bill = 1,625 CUP

10 USD bill = 3,260 CUP

$20 bill = 6,500 CUP

50 USD bill = 16,300 CUP

100 USD bill = 32,500 CUP

Euro (EUR):

5 EUR note = 1,700 CUP

10 EUR bill = 3,400 CUP

20 EUR bill = 6,800 CUP

50 EUR bill = 17,000 CUP

100 EUR bill = 34,000 CUP

Despite the economic crisis and persistent inflation, the values of the dollar, the MLC, and the euro in the informal market show some stability, with little fluctuation in recent weeks.

On October 22, the dollar was quoted at 325 Cuban pesos (CUP), the euro at 340 CUP, and the MLC at 265 CUP, according to informal monitoring data such as elTOQUE. This value for the dollar and euro has remained unchanged until October 27, when similar values were recorded: 325 CUP for the dollar and 340 CUP for the euro. The MLC, on the other hand, has remained at 265 CUP since October 9, when it experienced a decline of five pesos.

At the end of October, the euro experienced a slight decline, dropping from 345 to 342.5 CUP. This limited fluctuation illustrates a general stabilization in the informal market, although the economic context and the situation of shortages and power outages have added uncertainty regarding the value of these currencies.

This relative stability in foreign exchange rates contrasts with domestic inflation of basic products, indicating that despite the volatility of the Cuban economy, the values of currencies in the informal market have maintained a temporary stability in recent weeks.

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